WTI crude oil futures plunged over 11% to $83.85 per barrel on April 17, erasing much of a geopolitical risk premium after Iran's foreign minister announced de-escalation signals amid U.S.-Iran talks and fragile Strait of Hormuz ceasefire developments. This overshadowed a bullish EIA inventory draw of 913,000 barrels for the week ending April 10, far exceeding expectations of a 154,000-barrel build, with U.S. refinery inputs falling 208,000 barrels per day. OPEC+ persists with phased output increases from prior quotas, balancing supply amid softening global demand forecasts. Traders eye the April 22 EIA report, potential OPEC+ adjustments, and China economic indicators for resolution direction into month-end.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$41,680,194 Vol.
↑ $200
1%
↑ $170
1%
↑ $160
1%
↑ $150
2%
↑ $140
3%
↑ $130
4%
↑ $125
6%
↑ $120
8%
↑ $115
13%
↑ $110
21%
↑ $105
27%
↑ $100
37%
↓ $75
27%
↓ $70
12%
↓ $60
3%
↓ $50
1%
↓ $40
<1%
↓ $30
<1%
↓ $20
<1%
$41,680,194 Vol.
↑ $200
1%
↑ $170
1%
↑ $160
1%
↑ $150
2%
↑ $140
3%
↑ $130
4%
↑ $125
6%
↑ $120
8%
↑ $115
13%
↑ $110
21%
↑ $105
27%
↑ $100
37%
↓ $75
27%
↓ $70
12%
↓ $60
3%
↓ $50
1%
↓ $40
<1%
↓ $30
<1%
↓ $20
<1%
For WTI futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month.
For WTI Crude Oil (CL) futures, the last trading day is defined as three business days prior to the 25th calendar day of the month preceding the contract's delivery month (or four business days prior if the 25th calendar day is not a business day), consistent with CME contract specifications.
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours as listed on Pyth.
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month WTI Crude Oil futures "High" prices available at https://pythdata.app/explore?search=WTI, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published for the Active Month WTI Crude Oil (CL) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
Market Opened: Mar 31, 2026, 12:20 PM ET
Resolution Source
https://pythdata.app/exploreResolver
0x65070BE91...For WTI futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month.
For WTI Crude Oil (CL) futures, the last trading day is defined as three business days prior to the 25th calendar day of the month preceding the contract's delivery month (or four business days prior if the 25th calendar day is not a business day), consistent with CME contract specifications.
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours as listed on Pyth.
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month WTI Crude Oil futures "High" prices available at https://pythdata.app/explore?search=WTI, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published for the Active Month WTI Crude Oil (CL) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
Resolution Source
https://pythdata.app/exploreResolver
0x65070BE91...WTI crude oil futures plunged over 11% to $83.85 per barrel on April 17, erasing much of a geopolitical risk premium after Iran's foreign minister announced de-escalation signals amid U.S.-Iran talks and fragile Strait of Hormuz ceasefire developments. This overshadowed a bullish EIA inventory draw of 913,000 barrels for the week ending April 10, far exceeding expectations of a 154,000-barrel build, with U.S. refinery inputs falling 208,000 barrels per day. OPEC+ persists with phased output increases from prior quotas, balancing supply amid softening global demand forecasts. Traders eye the April 22 EIA report, potential OPEC+ adjustments, and China economic indicators for resolution direction into month-end.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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